Andorra officially the Principality of Andorra is a small landlocked country in western Europe, located in the eastern Pyrenees mountains and bordered by Spain and France. Once isolated, it is currently a prosperous country mainly because of tourism and its status as a tax haven. The people of Andorra are currently listed as having the highest human life expectancies on Earth, at an average of 83.5 years at birth.
Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for roughly 80% of GDP. An estimated 9 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of adjoining France and Spain have been opened up, providing broader availability of goods and lower tariffs.
The banking sector, with its tax haven status, also contributes substantially to the economy. Agricultural production is limited—only 2% of the land is arable—and most food has to be imported. Some tobacco is grown locally. The principal livestock activity is domestic sheep raising. Manufacturing output consists mainly of cigarettes, cigars, and furniture. Andorra's natural resources include hydroelectric power, mineral water, timber, iron ore, and lead. There are no Patent Laws in Andorra.
Andorra is not a full member of the European Union, but enjoys a special relationship with it, such as being treated as an EU member for trade in manufactured goods (no tariffs) and as a non-EU member for agricultural products. Andorra lacks a currency of its own and uses that of its two surrounding nations. Prior to 1999 these were the French franc and the Spanish peseta, which have since been both replaced by the EU's single currency, the euro.
Demographics
Andorrans are a minority in their own country; Spaniards, Portuguese, Frenchmen, Britons, and Italians resident in Andorra make up 67.7% of the population. According to the U.S. Census Bureau, Andorra has the world's longest life expectancy – 83.5 years.
The national language is Catalan, a Romance language. Andorra is one of only four nations (together with France, Monaco, and Turkey) that never signed the Council of Europe Framework Convention on National Minorities.
The official and historic language is Catalan. Other languages stemming from immigration, historical links and close geographic proximity, such as Spanish and French are also commonly spoken.
Source: en.wikipedia.org/wiki/Andorra
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